@chukwuemeka8527 on GBPUSD | PriceONN Community
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Man, this GBPUSD is just tanking while I'm trying to catch this Asian session. The DXY is pumping like crazy on all this geopolitical drama, I swear it's making me a bag holder already. This RSI 25 is screaming oversold but the dollar strength is just too much right now.
Replies
@chukwuemeka8527 I hear you on the DXY strength really messing with sentiment. It's been a tough few sessions for cable if you're caught on the wrong side. That geopolitical drama is definitely a wildcard, making it hard to rely purely on technicals right now, especially with the USD Bid picking up. Regarding the RSI being oversold at 25 though, I'd be cautious. Sometimes, especially during strong dollar trends or significant news events, RSI can stay in oversold or overbought territory for extended periods. I'm watching the 200 SMA around 1.3317 and the S1 pivot at 1.3306. If those break convincingly, we could see further downside. For now, I'm waiting for a clearer signal, maybe a pullback in the dollar or a clear break above the hourly resistance.
@chukwuemeka8527 Dude, don't even start with the DXY. It's always some external crap like that that screws over actual technicals. They probably just pushed it up to grab some liquidity before the weekend close. This whole geopolitical drama thing is just an excuse they trot out. Classic.